Azerbaijani oil price settles above $78

The price of Azerbaijan's Azeri LT CIF oil in the world market increased by $2.24, or 2.94%, to $78.29 per barrel, Report informs.

April futures for Brent crude were traded at $77.27 per barrel.

The price of one barrel of Azeri Light crude oil on FOB basis at Türkiye's Ceyhan port increased by $2.27 or 3.06% to $76.46.

The average oil price in Azerbaijan's state budget for 2025 was set at $70 per barrel.

The lowest price for Azeri Light was recorded on April 21, 2020 ($15.81), and the all-time high of $149.66 was fixed in July 2008.